Rodolfo Novak

Coinkite and the Feature Factory

Started in May 2013, Coinkite has by now almost advanced to senior citizen status in the short-lived Bitcoin startup space. CEO Rodolfo Novak joined us for a discussion about what drove their initial interest in Bitcoin, why they initially focused on providing ‘bank-like’ services and how they’ve transitioned to powering the infrastructure of countless Bitcoin startups with their API. We also discussed multi-sig and the business strategy they pursued that allowed them to be profitable and not require venture funding.

Topics we discussed in this episode

How Coinkite started

Why they have come away from calling themselves a Bitcoin bank

Why they have been putting so much emphasis on multi-sig

How they’ve ended up building an insane amount of features

The transition of their business model to providing a powerful API for startups